Decision Rights: Empower Your team Without Losing Control
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How do you empower your team with real decision-making authority, without losing control or creating chaos?
Building on insights from Charles Koch’s "Good Profit," Patrick Somers explores Koch Industries’ powerful Market-Based Management framework, with a sharp focus on the concept of "decision rights."
Through examples and practical tools like the "decision tree," Patrick breaks down why letting go can be so hard, yet so essential for scaling your business. If you’ve ever struggled to delegate or found yourself micromanaging, this episode is packed with actionable advice for creating clarity in your vision, aligning incentives, and coaching your team to make confident, value-driven decisions.
In this episode, we explore:
(00:00) Koch Industries market principles explained
(05:25) Who should make decisions and why it matters
(08:18) Learning when to let go as a leader
(11:38) How to decentralize with clarity and vision
(13:43) Defining success and making better decisions
(19:06) How empowered teams make better choices
(20:49) Why vision matters for everyday decisions
(24:14) Scaling clarity as the company grows
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